Macroeconomics II extends theoretical knowledge acquired from Macroeconomics I of its students with the latest knowledge
of contemporary macroeconomics. They are models of economic growth, especially those with an emphasis on the role of human
capital and technological progress. Furthermore, it introduces students to modern principles of economic modeling, i.e., macroeconomic
models derived from microeconomic behavior of subjects and economics and their rational expectations. It also provides students
with modern knowledge of labor market modeling.

Requirements:

completion of Macroeconomics I

Syllabus of lectures:

1. Economic growth.

2. Solow-Swan's model of economic growth.

3. Ramsey's model of economic growth.

4. One-sector model of endogenous economic growth.

5. Two-sector model of endogenous economic growth.

6. Model of economic growth with expanding variety of intermediates.

7. Model of economic growth with increasing quality of intermediates.

8. Macroeconomic modeling.

9. New classical macroeconomics.

10. New Keynesian Macroeconomics.

11. Economic policy.

12. Equilibrium model of the labor market.

13. Analysis of labor market behavior.

Syllabus of tutorials:

The structure of exercises is identical to lectures. Exercises are focused on typical problems from each topic.

1. Economic growth.

2. Solow-Swan's model of economic growth.

3. Ramsey's model of economic growth.

4. One-sector model of endogenous economic growth.

5. Two-sector model of endogenous economic growth.

6. Model of economic growth with expanding variety of intermediates.

7. Model of economic growth with increasing quality of intermediates.

8. Macroeconomic modeling.

9. New classical macroeconomics.

10. New Keynesian Macroeconomics.

11. Economic policy.

12. The equilibrium model of the labor market.

13. Analysis of labor market behavior.

Study Objective:

This course extends the knowledge of the subject 18MAK1 by modern theories of economic growth and a new approach to modeling
the economy and the labor market. Having taken Macroeconomics II, its student will be able to analyze the impact of various
factors on economic growth and implications for appropriate economic policy. Furthermore, they should be able to derive, under
given assumptions, the relevant model of the functioning of the economy and the labor market, and after that to infer important
implications for practical economic policy.